Lido News: Development activity surges by 690%. Can the improving fundamentals drive the LDO price to break out of its independent trend?

Amid the overall weak sentiment in the crypto market and the generally flat performance of Layer-1 tokens, some projects that have achieved substantial growth in user base, protocol revenue, and development investment are regaining funding attention. Lido DAO (LDO) is a representative example, with recent trends showing a clear relative strength.

On December 25, LDO rose against the market environment, becoming one of the top-performing crypto assets of the day. This performance reflects a shift of market funds from short-term speculative rotations to DeFi protocols with real economic value and sustainable business models. The active development and on-chain revenue performance around Lido also serve as important fundamental factors supporting its price performance.

According to Chain Broker data, LDO ranks high in development activity growth, with an annual growth rate of up to 690%. This data indicates that Lido is not relying on a short-term surge in developer numbers but maintaining continuous and stable engineering investments. After months of downturn in the Layer-1 sector, such long-term development signals are often seen by the market as an important precursor to confidence restoration, helping to stabilize investor expectations and create conditions for price stabilization.

On-chain data also shows that Lido’s protocol revenue has supporting strength. Data indicates that LDO-related products generate about $14.3 million in weekly fee income, highlighting ongoing demand for Ethereum staking and liquidity staking infrastructure. Compared to many projects that cooled off quickly after market peaks, Lido’s usage rate and cash flow performance demonstrate strong cyclical resilience, which is a key reason it can still attract funds in a weak market environment.

In terms of price, after a significant correction in October, LDO recently attempted to break through the downward trendline and once recorded an intraday increase of about 7.65%. Technical indicators show that the RSI remains in the neutral zone, and the MACD indicates weakening downward momentum but has not yet shown a clear bullish reversal signal. Meanwhile, CoinGlass liquidation heatmap shows dense leveraged positions around $0.51, which could trigger volatility if market sentiment weakens.

Overall, Lido’s 690% development growth, stable protocol revenue, and relatively anti-drawdown price performance are reshaping market perceptions of LDO’s fundamentals. However, whether LDO can sustain an independent trend remains to be further verified until macroeconomic conditions and risk appetite fully improve.